B. Riley Research Analysts Lower Earnings Estimates for AMR

Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) - B. Riley decreased their Q3 2024 earnings per share (EPS) estimates for Alpha Metallurgical Resources in a report released on Tuesday, October 22nd. B. Riley analyst L. Pipes now forecasts that the energy company will earn $1.60 per share for the quarter, down from their previous forecast of $2.01. B. Riley currently has a "Buy" rating and a $336.00 target price on the stock. The consensus estimate for Alpha Metallurgical Resources' current full-year earnings is $20.67 per share. B. Riley also issued estimates for Alpha Metallurgical Resources' Q4 2024 earnings at $2.20 EPS.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its earnings results on Monday, August 5th. The energy company reported $4.49 EPS for the quarter, topping the consensus estimate of $4.46 by $0.03. Alpha Metallurgical Resources had a net margin of 13.52% and a return on equity of 28.63%. The company had revenue of $804.00 million during the quarter, compared to analysts' expectations of $733.05 million. During the same quarter last year, the business earned $12.16 EPS. The business's revenue was down 6.3% on a year-over-year basis.

Separately, Benchmark restated a "hold" rating on shares of Alpha Metallurgical Resources in a research note on Wednesday, October 16th.

Alpha Metallurgical Resources Stock Performance

AMR traded up $2.64 during trading on Friday, reaching $206.01. The company's stock had a trading volume of 165,672 shares, compared to its average volume of 221,365. The company's fifty day moving average price is $219.05 and its 200-day moving average price is $272.78. Alpha Metallurgical Resources has a 52-week low of $185.00 and a 52-week high of $452.00. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 4.99 and a beta of 1.30.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Federated Hermes Inc. purchased a new stake in shares of Alpha Metallurgical Resources in the 2nd quarter worth about $25,000. GAMMA Investing LLC lifted its holdings in shares of Alpha Metallurgical Resources by 124.6% in the third quarter. GAMMA Investing LLC now owns 137 shares of the energy company's stock valued at $32,000 after purchasing an additional 76 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in shares of Alpha Metallurgical Resources in the third quarter valued at approximately $40,000. PNC Financial Services Group Inc. increased its stake in shares of Alpha Metallurgical Resources by 947.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 178 shares of the energy company's stock worth $60,000 after purchasing an additional 161 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Alpha Metallurgical Resources during the 1st quarter worth approximately $88,000. Hedge funds and other institutional investors own 84.29% of the company's stock.

About Alpha Metallurgical Resources

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.